The Eurasian Development Bank (EDB) and international developer Griffin Partners have signed a credit agreement to finance the first stage of construction of the Griffin Logopark Almaty warehouse complex. The document is a logical continuation of the memorandum of understanding signed by the parties in June 2026 on the sidelines of the EDB Annual Meeting and Business Forum.
According to EDB, the credit funds will be allocated for the construction of the first phase of the Class A+ logistics park with an area of approximately 120,000 m². The total investment in the Griffin Logopark Almaty project is approximately $125 million.
The facility enjoys a strategic location in the northern part of Almaty, close to the Almaty Ring Road (BAKAD), with direct access to the A3 highway (Almaty — Konayev — China). The complex is part of Alatau City, an emerging digital, technological and logistics hub on the outskirts of Almaty.
The new infrastructure facility will create approximately 600 jobs, attract foreign direct investment and establish a high-quality logistics platform in the northern part of the city. Completion of the first phase is scheduled for Q1 2027.
Griffin Partners is an international developer and asset manager specializing in Class A properties across all real estate segments: industrial, commercial, residential and mixed-use. The company has a network of offices in Russia, Europe and Central Asia. Today, Griffin Partners is actively developing projects in Kazakhstan and Uzbekistan: the Griffin Logopark Almaty logistics park of 125,421.4 sq. m in Almaty and the SAMARKAND Logistics Park of 40,000 sq. m in Samarkand.
